CommonFloor secures Series B funding from Accel and Tiger Global

Commonfloor has raised Series B funding from Accel India and Tiger global partners. This is further to the first round, raised from Accel India in 2009. The new funds will be used for scaling presence across multiple cities, upgrading technology capabilities, hiring talent and expanding marketing initiatives.

CommonFloor started operations from Bangalore in 2007 and is currently used by customers in over 120 cities across India. The company has close to 50,000 communities listed with it, constituting more than 25 lakh homes and recently opened offices in Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune.

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